Contribution by Wind Telecomunicazioni S.P.A. to The

Total Page:16

File Type:pdf, Size:1020Kb

Contribution by Wind Telecomunicazioni S.P.A. to The BoR PC02 (14) 02 WIND contribution for the Public consultation on Draft BEREC report: “Monitoring quality of Internet access services in the context of net neutrality” WIND Telecomunicazioni S.p.A. - Società con azionista unico Reg. Imp.: 05410741002 di Roma 1 Direzione e coordinamento di WIND TELECOM S.p.A. C.F.: 05410741002 - Partita IVA: 05410741002 Sede legale: Via Cesare Giulio Viola 48 - 00148 Roma R.E.A. di Roma: 884361 - R.E.A. di Milano: 1564660 Sede secondaria: Via Lorenteggio 257 - 20152 Milano Cap. sociale euro 147.100.000,00 i.v. Company Description Wind welcomes the European Commission request of inputs in view of the stakeholder’s workshop on the Review of Relevant Markets and is open to give full support to the Institution, giving its point of view as leading Italian Alternative Operator present in the market since the Italian telecommunication market liberalization. In this respect, Wind’s input includes an overall consideration about the ongoing relevant market review, in particular with suggestions about those elements that are essential for an effective infrastructure-based competition. At the same time, this document highlights those elements that may have negative impacts on the market. Therefore, Wind invites the European Commission to take into account both elements, in order to evaluate their inclusion in the forthcoming Recommendation, that in Wind’s point of view are essential to foster and maintain an effective competition on the telecommunication market. Contact person: For any question related to this document, please contact Diego Padovan at [email protected] WIND Telecomunicazioni S.p.A. - Società con azionista unico Reg. Imp.: 05410741002 di Roma 2 Direzione e coordinamento di WIND TELECOM S.p.A. C.F.: 05410741002 - Partita IVA: 05410741002 Sede legale: Via Cesare Giulio Viola 48 - 00148 Roma R.E.A. di Roma: 884361 - R.E.A. di Milano: 1564660 Sede secondaria: Via Lorenteggio 257 - 20152 Milano Cap. sociale euro 147.100.000,00 i.v. Company Description ....................................................................... 2 Introduction ....................................................................................... 4 General Remarks.............................................................................. 4 Specific Comments ........................................................................... 6 WIND Telecomunicazioni S.p.A. - Società con azionista unico Reg. Imp.: 05410741002 di Roma 3 Direzione e coordinamento di WIND TELECOM S.p.A. C.F.: 05410741002 - Partita IVA: 05410741002 Sede legale: Via Cesare Giulio Viola 48 - 00148 Roma R.E.A. di Roma: 884361 - R.E.A. di Milano: 1564660 Sede secondaria: Via Lorenteggio 257 - 20152 Milano Cap. sociale euro 147.100.000,00 i.v. Introduction Wind Telecomunicazioni S.p.A. (“Wind”) is the largest Alternative operator in Italy offering fixed and mobile telecommunication services, in particular the third Italian mobile operator, with over 22.3 million customers and continues to be the leading alternative operator on the Italian fixed market with 3 million voice customers(of which 2.2mln are broadband customers). Wind welcomes this public consultation in order to forward its view on monitoring systems for quality of Internet access services in the scope of Net Neutrality, considering BEREC as the leading institution to enhance consistency in the application and enforcement of the Regulatory Framework in EU countries. Wind, with more than 15 years of experience on fixed and mobile telecommunication market, submits this input with the aim to highlight clearly and directly those elements that are necessary to foster competition from an alternative operator’s point of view and appreciates the continue effort made by BEREC to involve all stakeholders with public consultation processes. General Remarks First of all Wind considers of outmost importance that BEREC clearly recognize that, on top of the criteria outlined in its document, on every well-proportioned assessment on quality of internet access service the reference to fixed and to mobile networks cannot be the same. For fixed networks, it is a key point to understand that the Quality of Service offered by operators (especially for an alternative operator, which access is on the incumbent’s network) strongly depends on many factors [OMISSIS], which varies country by country across EU. For what concern mobile networks, it is a key point to understand that in practice it is not applicable a minimum quality of service level, since the mobile access is shared among customers in mobility. In general Wind believes that a consistent application of the transparency principle can guarantee a fair development of the market so NRAs have already the power to intervene if an ISP constantly disregards the terms and conditions set in contracts with its customers [OMISSIS]. Wind firmly believes that competition is one of the strongest tools to grant the “network freedom”1 principle for all costumers, [OMISSIS], indeed the era of internet 1 Quoting the Wind’s answer to the BEREC’s public consultation on guidelines on Net Neutrality and Transparency, "it seems that the “network neutrality” principle is confused with the “network freedom” principle. In our opinion, following the “network freedom” principle, any European citizen should be free to access any information on the WIND Telecomunicazioni S.p.A. - Società con azionista unico Reg. Imp.: 05410741002 di Roma 4 Direzione e coordinamento di WIND TELECOM S.p.A. C.F.: 05410741002 - Partita IVA: 05410741002 Sede legale: Via Cesare Giulio Viola 48 - 00148 Roma R.E.A. di Roma: 884361 - R.E.A. di Milano: 1564660 Sede secondaria: Via Lorenteggio 257 - 20152 Milano Cap. sociale euro 147.100.000,00 i.v. actuated a substantial change of paradigm in the service and communication eco-system, new markets of contents and applications have developed [OMISSIS], increasingly their significant (market power) size. Therefore it is unfortunately noticeable that even in this BEREC’s report, the issue of monitoring quality in the scope of Net Neutrality is in practice managed only from the ISP “side” of the market, minimizing the Service/Application Providers role that may have on quality delivered to end users. In this respect, Wind recalls the need to include in this report the possibility to include a sector inquiry on content/application provider [OMISSIS] in order to assess the role that this players have on the net neutrality and the quality of service over the internet. [OMISSIS] Considering that, Wind believes that NRA should allow ISP [OMISSIS] to preserve end- users access by unmanaged band-hungry contents, applications and services. [OMISSIS]. In this view, it is noticeable the analysis made by AGCom on the internet value chain within the sector inquiry over internet services and online advertising2. Figure 1. Focus - Main operators in internet value chain – Worldwide market shares (*) (2012), Source: Agcom evaluation on comScore, NetMarketShare, StatCounter, eMarketer The Figure 1 offers a brief description of the main operators’ market position (and their respective platforms) along different segments of the Internet value chain that allows an analysis of their strategies (the s.c. platform envelopment). Internet, with no discrimination from the ISP/Network Operator (NO) based on the nature of that information.”. Available at the following link: http://berec.europa.eu/doc/net/wind.pdf 2 Delibera n. 19/14/CONS - INDAGINE CONOSCITIVA SUL SETTORE DEI SERVIZI INTERNET E SULLA PUBBLICITÀ ONLINE WIND Telecomunicazioni S.p.A. - Società con azionista unico Reg. Imp.: 05410741002 di Roma 5 Direzione e coordinamento di WIND TELECOM S.p.A. C.F.: 05410741002 - Partita IVA: 05410741002 Sede legale: Via Cesare Giulio Viola 48 - 00148 Roma R.E.A. di Roma: 884361 - R.E.A. di Milano: 1564660 Sede secondaria: Via Lorenteggio 257 - 20152 Milano Cap. sociale euro 147.100.000,00 i.v. AGCom states that given the interdependence between these markets, it is necessary to refer to the concept of platform envelopment, that is the strategy adopted by platforms owners which, using the same inputs, offer different services operating on separate markets but having a customer base that in a good extent overlaps itself amongst these markets. In such a context, platform operators can therefore leverage their customer base “power” to enter into other markets, for example offering a bundle of products/services including of specific platform functions. AGCom therefore underlines in its conclusions that platform operators/provider can apply such a strategy, based both on the economies of variety and scale, so as to displace operators in related markets and quickly capture market share. Moreover the analysis of the competitive structure showed a tendency toward a high concentration of the industry, that is almost a monopolization (winner takes all) resulting in a deterioration of competitive conditions due to the existence of strong network externalities, namely direct (e.g., social networks), indirect (e.g., operating system and applications) and cross (search) network externalities, which brings end-users to select wider network platforms, encouraging, therefore , the emergence of a (or a few) platform. These network effects are even strengthen by the presence of large multi-homing and switching cost (i.e., operating systems) which have a great lock-in effect for end-users that are not able to use other than a specific platform. Finally, Wind believes that BEREC should clearly exclude
Recommended publications
  • Claimant's Memorial on Merits and Damages
    Public Version INTERNATIONAL CENTRE FOR ICSID Case No. ARB/16/16 SETTLEMENT OF INVESTMENT DISPUTES BETWEEN GLOBAL TELECOM HOLDING S.A.E. Claimant and GOVERNMENT OF CANADA Respondent CLAIMANT’S MEMORIAL ON THE MERITS AND DAMAGES 29 September 2017 GIBSON, DUNN & CRUTCHER LLP Telephone House 2-4 Temple Avenue London EC4Y 0HB United Kingdom GIBSON, DUNN & CRUTCHER LLP 200 Park Avenue New York, NY 10166 United States of America Public Version TABLE OF CONTENTS I. Introduction ............................................................................................................................ 1 II. Executive Summary ............................................................................................................... 3 III. Canada’s Wireless Telecommunications Market And Framework For The 2008 AWS Auction................................................................................................................................. 17 A. Overview Of Canada’s Wireless Telecommunications Market Leading Up To The 2008 AWS Auction.............................................................................................. 17 1. Introduction to Wireless Telecommunications .................................................. 17 2. Canada’s Wireless Telecommunications Market At The Time Of The 2008 AWS Auction ............................................................................................ 20 B. The 2008 AWS Auction Framework And Its Key Conditions ................................... 23 1. The Terms Of The AWS Auction Consultation
    [Show full text]
  • Telenor East Holding II AS V. Altimo &
    Neutral Citation Number: [2011] EWHC 735 (Comm) Case No: 2011 Folio 139 IN THE HIGH COURT OF JUSTICE QUEEN'S BENCH DIVISION COMMERCIAL COURT Royal Courts of Justice Strand, London, WC2A 2LL Date: 1st March 2011 Before : MRS JUSTICE GLOSTER, DBE - - - - - - - - - - - - - - - - - - - - - Between : Telenor East Holding II AS Applicant - and - (1 Altimo Holdings & Investments Ltd Respondents (2 Altimo Cooperatief UA (3 VimpelCom Ltd - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Joe Smouha Esq, QC, Vernon Flynn Esq, QC, Paul McGrath Esq and James Willan Esq (instructed by Orrick, Herrington & Sutcliffe (Europe) LLP) for the Applicant Huw Davies Esq, QC, Stephen Houseman Esq and Anton Dudnikov Esq (instructed by Skadden, Arps, Slate, Meagher & Flom LLP) for the First & Second Respondents Mark Howard Esq, QC and Oliver Jones Esq (instructed by Akin Gump LLP) for the Third Respondents Hearing dates: 25th February 2011 - - - - - - - - - - - - - - - - - - - - - Judgment Mrs Justice Gloster, DBE: 1. This is an application for an interim injunction pursuant to section 44 of the Arbitration Act 1996 which is made by the claimant, Telenor East Holdings II AS (“Telenor”), for an injunction restraining the third respondent, VimpelCom Limited (“VimpelCom”), and the first and second respondents, Altimo Holdings & Investments Limited ad Altimo Cooperatief UA, the latter as a shareholder in VimpelCom, from taking any action to convene, or proceed with, or vote at, a Special General Meeting of VimpelCom’s shareholders
    [Show full text]
  • Operational Performance 5
    GIVING THE WORLD A VOICE ORASCOM TELECOM HOLDING Full Year 2010 Orascom Telecom Holding YE – 2009 Page | 1 GIVING THE WORLD A VOICE CONTENT Highlights 3 CEO’s Comment 4 Operational Performance 5 Main Financial Events 9 Financial Review 14 Financial Statements 20 Operational Overview 25 Orascom Telecom Holding YE – 2009 Page | 2 GIVING THE WORLD A VOICE Orascom Telecom Holding Full Year 2010 Results Cairo, April 18th, 2011: Orascom Telecom Holding (OTH) (Ticker: ORTE.CA, ORTEq.L, ORAT EY, OTLD LI), announces its year end 2010 consolidated results. Highlights • On 4 January 2011, OTH sold its entire shareholding in Orascom Tunisia Holding and Carthage Consortium through which OTH owned 50% of Orascom Telecom Tunisia (“OTT”). As a result the proportionate consolidation of OTT during Q4 is no longer applicable under IFRS as it renders the entity an investment held for sale, and consequently a discontinued operation under IFRS rules. Figures for 2009 and 9M 2010 have been restated to reflect the accounting treatment of OTT. • Total subscribers exceeded 101 million, an increase of 16% over the same period last year. • Net Income before minority interest showed a sharp increase of 106% compared to the same period last year, reaching US$ 781 million1 for the period ending December 31st, 2010, mainly due to the gain recognized on the Mobinil transaction by comparing the carrying amount of the investments in Mobinil and ECMS to the relevant fair value, taking into consideration the net proceeds from the transaction for the global settlement fee amounting to US$300 million. • Revenues reached US$ 3,825 million1, increasing by 2% over the previous year as a result of strong growth in all GSM operations, with the exception of Algeria.
    [Show full text]
  • Bot U10522 001.00.00.00 3
    ACE BOWNE OF TORONTO 01/30/2011 18:12 NO MARKS NEXT PCN: 002.00.00.00 -- Page is valid, no graphics BOT U10522 001.00.00.00 3 IMPORTANT NOTICE THIS OFFERING IS AVAILABLE ONLY TO INVESTORS WHO ARE EITHER (1) QIBS THAT ARE QPS (EACH AS DEFINED BELOW) OR (2) NON-U.S. PERSONS OR ADDRESSEES OUTSIDE OF THE U.S. IMPORTANT: You must read the following before continuing. The following applies to the prospectus supplement following this page (the “Prospectus Supplement”), and you are therefore advised to read this carefully before reading, accessing or making any other use of the Prospectus Supplement. In accessing the Prospectus Supplement, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE ISSUER HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”) AND THE SECURITIES HAVE NOT BEEN, AND WILL NOT, BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE U.S. OR OTHER JURISDICTION AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE U.S. OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS AND WHICH DOES NOT REQUIRE THE ISSUER TO REGISTER UNDER THE INVESTMENT COMPANY ACT.
    [Show full text]
  • History Sheba Telecom(PVT Ltd)-After Talking Lots- Finally Was Granted License in 1989[6] to Operate in the Rural Areas of 199 Upazilas
    Banglalink (Bengali: বাংলািলংক), is the second largest cellular service provider inBangladesh after Grameenphone. As of April 2012, Banglalink has a subscriber base of 25 million.[3] It is a wholly owned subsidiary of Orascom Telecom. Banglalink had 1.03 million connections until December, 2005. The number of Banglalink users increased by 257 per cent[4] and stood at 3.64 million at the end of 2006, making it the fastest growing operator in the world of that year. In August, 2006, Banglalink became the first company to provide free incoming calls from BTTB for both postpaid and prepaid connections. On August 20, 2008, Banglalink got past the landmark of 10 million subscriber base.[5] History Sheba Telecom(PVT Ltd)-after talking lots- finally was granted license in 1989[6] to operate in the rural areas of 199 upazilas. Later it obtained GSM license in 1996 to extend its business to cellular mobile, radio telephone services. It launched operation in the last quarter of 1997 as a Bangladesh-Malaysia joint venture. Tigers' Den (banglalink's headquarters) atGulshan. In July, 2004, it was reported that Egypt based Orascom Telecom is set to purchase the Malaysian stakes in Sheba Telecom through a hush-hush deal, as Sheba had failed to tap the business potentials in Bangladesh mainly due to a chronic feud between its Malaysian and Bangladeshi partners. An agreement was reached with Orascom worth US$25 million was finalized in secret. The pact has been kept secret for legal reasons, considering financial fallout and because of the feud. The main reason for the undercover dealing was the joint venture agreement between the Bangladeshi and the Malaysian partners, which dictates that if any party sells its Sheba shares, the other party will enjoy the first right to buy that.
    [Show full text]
  • Weather Investments S
    Orascom Telecom Holding renamed to Global Telecom Holding Cairo/London, September 22, 2013: The company is pleased to announce that it has changed its name to “Global Telecom Holding S.A.E.”. The Egyptian Stock Exchange (“EGX”) and the London Stock Exchange (“LSE”) will amend the new name of the company, “Global Telecom Holding S.A.E.”, and amend the ticker symbol on the trading screens to “GTHE.CA” on the EGX and “GLTD:LI” on the LSE with effect from September 23, 2013. This gives effect to the decision of the shareholders at the Extraordinary General Assembly Meeting held on November 12, 2012. All references to the previous company name shall be substituted by the new name. The company was obliged to change its name as part of the WIND Telecom S.p.A. and VimpelCom Ltd. merger, under which the company and its subsidiaries were required to cease the use of the “Orascom” name, designs and logos. Ahmed Abou Doma, Group CEO of Global Telecom Holding S.A.E. commented: “Our new name and corporate identity are intended to provide a modern look and feel, and emphasize our specific strengths as an international telecom group. The Global Telecom Holding S.A.E. new corporate identity allows our group to leverage on the goodwill, the strong growth and outstanding performance of our parent company VimpelCom Ltd. and will provide our organization with a solid platform to build upon in our upcoming endeavors and growth potential in the telecom sector.” -END- About Global Telecom Holding: Global Telecom (“GTH”) is a leading international telecommunications company operating GSM networks in high growth markets in the Middle East, Africa and Asia, having a total population under license of approximately 459 million with an average mobile telephony penetration of approximately 53% as of June 30, 2013.
    [Show full text]
  • Board Date Bank Group Window Country Loan Type Project Amount US Position Reason Code Env
    MDB Voting Record, December 2015 Board Date Bank Group Window Country Loan Type Project Amount US Position Reason Code Env. Category 1-Dec-15 EBRD EBRD Armenia Loan Kotayk Solid Waste Management $2.13 Support 62 A Fails Pelosi disclosure; no EMS framework 1-Dec-15 WB IFC Bangladesh Blend Proposed Investment in City Bank Limited $37.00 Abstain disclosed. 9 FI-1 Power System Expansion and Efficiency Inconsistent with Pelosi disclosure; incl 1-Dec-15 ADB ADB Bangladesh Loan Improvement Investment Program (Tranche $205.00 Abstain Ashuganj PP 9 A 1-Dec-15 IDB IIC Ecuador Loan Banco Internacional SA $6.00 Support FI-2 Simpa Energy India Private Limited Off-Grid 1-Dec-15 ADB ADB India Grant Prepaid Solar Leasing Project $6.00 Support C 1-Dec-15 WB WB Indonesia Loan First Indonesia Sustainable and Inclusive $500.00 Support N/A Indonesia Country Partnership Framework 1-Dec-15 WB WB Indonesia Non-Financial FY16-FY20 $0.00 N/A N/A 1-Dec-15 WB MIGA Mozambique Guarantee Guarantee for Gigajoule Power (Proprietary) $161.00 Support B 1-Dec-15 WB IFC Regional Loan Proposed Sale of IFC's Loan to Petroceltic $0.00 Support N/A Second Social Protection System 1-Dec-15 WB IDA Rwanda Credit Development Policy Operation $95.00 Support N/A 1-Dec-15 ADB ADB Vietnam Loan Second Greater Mekong Subregion Corridor $100.00 Support B Multipurpose Water Supply and Irrigation Consistent with Large Dam; 3rd party 2-Dec-15 IDB IDB Bolivia Blend Program for the Municipios of Batallas, $104.50 Support approved natrl habitat offset and eFlows 62 A 2-Dec-15 IDB IDB Costa Rica
    [Show full text]
  • Vimpelcom Publishes Pro Forma Financial Information
    VIMPELCOM PUBLISHES PRO FORMA FINANCIAL INFORMATION Amsterdam (August 18, 2011) - VimpelCom Ltd. (“VimpelCom” or the "Company") (NYSE: VIP), a leading global provider of telecommunications services, today announced, for comparative purposes only, the publication of unaudited pro forma condensed combined financial information for 1Q10, 2Q10, 3Q10, 4Q10, FY10 and 1Q11. VimpelCom established a new organizational structure following the acquisition of Wind Telecom to support the successful development of VimpelCom’s enlarged commercial and geographic footprint. The Company’s corporate headquarters are in Amsterdam with centralized corporate functions. The Company has organized its business in five Business Units: o Russia; o Europe and North America (including Italy and Canada); o Africa and Asia (including Orascom Telecom and South East Asia); o Ukraine; and o The Commonwealth of Independent States (CIS). The primary reporting segmentation for VimpelCom will be structured following these geographical Business Units. The unaudited pro forma condensed combined financial information presented in this press release reflects what the Company’s results of operations would have looked like had the Company’s transactions with Wind Telecom S.p.A. (“Wind Telecom”) and Kyivstar CJSC (“Kyivstar”) occurred on January 1, 2010 (the “Combination Transactions”). As previously reported, on April 21, 2010, VimpelCom completed the combination of OJSC “Vimpel- Communications” (“OJSC VimpelCom”) and Kyivstar CJSC (“Kyivstar”), and on April 15, 2011, VimpelCom acquired 100% of Wind Telecom. As a result of the Wind Telecom acquisition, the Company owns indirectly 51.7% of Orascom Telecom Holding S.A.E. (“Orascom Telecom”) and 100% of Wind Telecomunicazioni S.p.A. (“Wind Italy”). The unaudited pro forma condensed combined financial information assumes that all spin-offs that are part of the transaction consideration for Wind Telecom would have happened on January 1, 2010, and that the sale of Orascom Telecom Tunisia also happened on that date.
    [Show full text]
  • C O M PA N Y N O T E Orascom Telecom and Orascom Telecom
    EGYPT | TELECOMS January 22, 2012 Orascom Telecom and Orascom Orascom Telecom Telecom Media & Technology STRONG BUY (UPGRADED) LTFV: EGP4.8 | USD4.0 TP: EGP3.9 | USD3.2 Who wins and who loses? After two months, Orascom Telecom Holding [ORTE] ordinary shares will Orascom Tel. Media & Tech. resume trading on Sunday, Jan. 22, 2012, after the company secured HOLD (INITIATED) approvals of the regulator and the Egyptian Exchange (EGX). Trading of ordinary shares of Orascom Telecom Media & Technology Holding (OTMT), LTFV: EGP1.6 | USD1.3 which demerged from ORTE, will commence on the EGX on the same day. TP: EGP1.6 | USD1.3 Each ORTE ordinary share held as of Nov. 24, 2011 will receive one OTMT ordinary share, with a price tag of EGP1.73 and EGP1.25 based on a 58%- ORTE (POST-DEMERGER) VS. DJEZZY'S VALUATION 42% split ratio off Nov. 24, 2011 closing price of EGP2.98, respectively. 2.50 Meanwhile, GDS record date was Friday, Jan. 20, 2012 with the same 1-to-1 2.00 ratio for eligible1 ORTE GDS holders. Meanwhile, conversion of ORTE 1.50 shares into GDSs and vice versa will resume on Monday, Jan. 23, 2012. This SD U 1.00 week, we expect volatility in trading both ORTE and OTMT ordinary shares 0.50 and GDSs as they adjust to reach parity. Since Nov. 24, 2011, ORTE GDS has jumped 39%, implying a split of USD1.89 for ORTE (post-demerger) and - USD1.37 for OTMT. In this note, we update our forecasts and valuation for ORTE (post-demerger) and OTMT shares and lay out different potential scenarios for Algeria.
    [Show full text]
  • Annual Report 2019 VEON Ltd
    Annual Report 2019 VEON Ltd. Claude Debussylaan 88, 1082 MD Amsterdam The Financial Statements are approved by the Audit Committee on behalf of the Board on March 13, 2020 TABLE OF CONTENTS Director's Report............................................................................................................................................................... 3 Information on the Company........................................................................................................................................... 4 Directors and Senior Management and Employees........................................................................................................ 33 Major Shareholders and Related Party Transactions...................................................................................................... 41 How We Manage Risks................................................................................................................................................... 43 Risk factors ..................................................................................................................................................................... 46 Operating and Financial Review and Prospects ............................................................................................................. 71 Additional Information ..................................................................................................................................................... 93 Quantitative and Qualitative Disclosures
    [Show full text]
  • 2014-Annual-Report.Pdf
    THE FUTURE IS NOW Annual Report 2014 The future is now DIGITAL IS NOW WIND Italy introduces Digital Home & Life An evolution of WIND’s business, Digital Home & Life is an innovative concept to support new offerings and customer relationships by bringing the “Internet of Things” to the WIND customer through a range of retail displays with Internet-enabled consumer offerings. The Digital Home & Life offering includes a selection of products to fully engage customers with their passions, enhance the value of their free time, improve their lifestyles and stay connected to those they love. Digital Home & Life has four categories: • Smartwatch: to readily access frequented information; • Wellness: to monitor health and manage fitness activities; • Music: to enjoy your favorite soundtrack anytime, anywhere; and • Smart Home: to have the latest hi-tech accessories for home automation. CONNECT WITH US Visit www.vimpelcom.com for more information www.vimpelcom.com 1 The future is now DATA IS NOW Algeria, Pakistan and Bangladesh successfully launch 3G Djezzy launched 3G services in Algeria in July 2014 and has expanded services to 21 provinces across the country by the end of February 2015, including Algiers. Following the launch of various commercial bundles and handset promotions, data users grew 72% and mobile data revenue doubled year-over- year. In Pakistan, Mobilink launched 3G services in 31 cities and was the first operator to achieve 2 million 3G customers in the country. Banglalink launched 3G services in October 2013. At the end of 2014 Banglalink had the widest 3G network coverage in the country. CONNECT WITH US Visit www.vimpelcom.com for more information 2 VimpelCom 2014 Annual Report www.vimpelcom.com 3 The future is now INTERACTION IS NOW Beeline Kazakhstan continuously improves customer experience The Virtual Assistant was launched to handle online inquiries through the Beeline Kazakhstan website.
    [Show full text]
  • Printmgr File
    IMPORTANT NOTICE THIS OFFERING IS AVAILABLE ONLY TO INVESTORS WHO ARE EITHER (1) QIBS (AS DEFINED BELOW) OR (2) NON-U.S. PERSONS OR ADDRESSEES OUTSIDE OF THE UNITED STATES. IMPORTANT: You must read the following before continuing. The following applies to the prospectus following this page (the “Prospectus”) and you are therefore advised to read this carefully before reading, accessing or making any other use of the Prospectus. In accessing the Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT, BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, (THE “SECURITIES ACT”) OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS AND WHICH DOES NOT REQUIRE THE ISSUER TO REGISTER UNDER THE INVESTMENT COMPANY ACT. THE FOLLOWING PROSPECTUS MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORIZED.
    [Show full text]